SALEM AND FREMINGTON ALMSIIOUSES REPORT AND UNAUDITED ACcOUs YEAR ENDED 31 MARCH 2025 CHARITY REGISTRATION NUMBER 253191
SALEM AND FREMINGTON ALMSHOUSES COIYTENTS Truste¢s annual report Independent examiner's report Receipts and Paym¢nts A¢¢ount Statement of Assets 8nd Liabilities
SALEM AND FREMINGTOY4 ALMSHOUSES TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2025 REFERENCE AND ADMINISTRAI'IVE INFORMATIO Governing Docwnent Deed dated 1834 revised in 1970. Rcgistcrcd Clwity Number: 253191 Registered Address: 15 Higher Church Street, Barnstapl¢ Devon X32 8JE Trustees.. Mrs L Hancox (Chairnian from 419112) Mr P Howe (Treasurer / Manager) Mr J Taylor (from 241511 l) Mr5 G Brdunton (from 613112) Mrs S Bamett (from 4112112) Mr Peter Kidd (from 2711114) Bank: Lloyds TSB 17 Cross Street Barnstapl¢ Financial Adviser Croft & Co 14 Barnstaple StJEet Bideford tndepcndcnt Examin¢rs'. LCA Chartered Accountants 13 Silver Street Barnstsple Solicitors: Brewer, Harding and Rowe The Square Barnstsple Insurnnce Broker: Grout Woolwich House 2nd Floor 43 George Street Croydon
SALEM AND FREMINGTON ALMSHOUSES TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2025 The TN8tee8 have pleaswe in presejjting their report and the accounts of the clwity for the year ended 31st March 20. Structure, Govenwnce & Management The Salem and Fremington Ajjnshouse Tn is a registered Chlty governed by art 1834 deed as amended by the Schem¢ document dated 12 November 1970. Thc Trust Is also member of the National Association of A]mshouses. The Charity is by a )ard of Tntees. Meetings of the TnteeS are held quarterly. Th¢ Trustees are assisted by Mrs S Bennett who acts as Secretary and mallagementhreasuter services are Suppli by Mr P Howe supported by Mr D Jenkins. New Tnte¢S are appointed by resolution of the Trustees at a quarterly meeting. Objectlves 'Ile Cknty's object is to provide almshouses for the Ixnefit of almspeople who shall be poor persons who are resident in the p1$h of Fr¢mington and thc borough of Barn5taple. The Charity currently achieves its object by relltillg out the Salem and Fremington Almshouses to local people over 50 years of age. ]n carrying out the CILarity's objec¢ the TrLLStccs have had rcgard to the guidance issued by the Charity Commission on public benefit. Achlevements All TWulr tnsurdnc¢ polici¢s ar¢ in plac¢. Remedial work and maintenance Ilas continued througbout the year. all properties a in good order and an ongoing mailltcnancc plall is now produced each year to help plan and bud8¢t. All propcrtics subjcctcd to 5 ycar eltrIcal testing as reconlln¢nded in Quinquennial report. Testing catTied out by SW Bound Electrical services and all work completed to brillg hous up to Standard and i8sud ccrtificate5 awrdingly. Almshou8e tThstee meetings have continued throughout 2024125 and alternate between Microsoft Teams and face to face. Plumbing leak5 rcpaircd No 5 and No I I Rcmoved skylights oveT No 1, 2 and 3 and roof Tewcovered with resin and matting. N¢w boiler No 9 Following gas checks, new flu liner installed No I, defc£tivc fir¢5 rlaCed No 7 and No 10, ncw ccrtificates Issed.
SALEM AND FREMINGTON ALMSHOUSES'I'RUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST MARCH 2025 (continued) Achievements {contillved) AGM cattied out face to face tbis year. Front rcM)fs over No 4 - 10 and No I1- 12 and ridge sorted, also chimney5 seagull pr(K)fed. All properties are currently occupied. Cmistmas meal was held at The Fortescue, all had a very 1¢¢ time. Each resident receiv a £25 Marks and Spencer gift voucher for Christmas. The Tntst is represented at the Trinity St Residents Group. No changes lo current board of trustees. Croft and Co Continue to advise on investment$. Reserves Policy We aim to maintsin a bank balance of at least £IO.IM)O in order to be in a lsition to meet ullforcsccn cxpenditure. The Tn]stees declare that they have approved the Trtee5, rert alx)ve. Signed on behalf of the Charity's Trustees 2025
SALEM AND FREMINGTON ALMSHOUSES INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES I report on the accounts of the Trust for the year end 31 March 2025 which are set out on pages 5 to 7. Responslbllltles and basfis of report As the charity's trustees you aTe responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act). I report in respect of my examination of the Trust's accounts caTried out under section 145 of the 2011 Act and in carrying out my examinatio I have followed the applicable Dire¢tAons given by the CharÈty Commission under section 145(5)(b) of the Act. Independent exAmlner'8 ststement I hav¢ compl¢t¢d my ¢xamination. I wnfinn that no mat¢rial matt¢rs have come to my attention in connection with the examination which gives me cause to believ¢ that iry any material respe£t: accounting records were not kept in accordance with section 130 of the Act or the accounts do not a¢cord with th¢ accounting records I have no concerns and have wjlle rOsS no Oth matters in nnectIOn with the examination to which atttion should b¢ drawn in ord¢r to ¢nabl¢ a prop¢r understanding of the accounts to be r¢achcd. Mrs Rebeeea Williams FCA LCA Cbartered Accountants 13 Silver Street Barnstaple Devon EX32 811R
SALEM AND FREMINGTON ALMSHOUSES RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Ro¢•lpts Incomlng resources from charltabl• activiti08 Rent contributions 46,390.00 43,910.00 Othgr Telp Sundry Total recelpts 46,390.00 43,910.00 Paym•nt8 Charitable expendlture Water rates Council tax Insurance TV licences Propety maintsnance Gardening Light and heat GFft vouchers Funcllons Management servi8 Telephone Sundries 2,195,87 3.879.90 2,004.99 1,571.10 1,843.43 2,117.95 39,095.61 449.31 1,015.49 300.00 466.70 7.200.00 28,927.46 324.00 840.31 300.00 495.00 7,200.00 56.630.37 43,619.25 ,630.37 46.390.CX) 43,619.25 43,910.
SALEM AND FREMINGTON ALMSHOUSES RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 continued 2025 2024 56.630.37 46,390.00 43,619.25 43,910.00 Gov•man¢• costs Meeling expenses Accountsncy Postage and stationery Subscriptions 565.05 443.70 618.00 6.00 407.00 419.00 1,644.05 1.474.70 Total paym•nts 58,274.42 45,093.95 Net rKelptsl(payments) for ihe year (11,884.42) {1,183.95> Cash and bank balances bm 1 April 2024 41,998.13 43,182.08 Cash and bank balan¢es CH 31 March 2025 £ 30,113.71 £ 41,998.13 CLIENTS APPROVAL The accounts were approved at a meeting held on SKJned..................................
SALEM AND FREMINGTON ALMSHOUSES STATEMENT OF ASSEfs AND LIABILrriES AT 31 MARCH 2025 2025 2024 A88ets Bank balancos Lloyds Bank Cash 30,107.80 5.91 41,979.02 19.11 30 113.71 41988.13 Investments COIF Charfty Funds (101.55 unilsl Aegon investment (previously Cofunds) Land and bulldlng8 Salem and Fremington Amshouses 15 Higher Church Street